Use figures from a card-processing statement to understand total fees.
Summarise a card-processing statement into an effective rate, average fee and average transaction value.
How this calculation works
We divide total fees by turnover for the effective rate, divide fees by transaction count for the average fee, and divide turnover by transaction count for average transaction value.
The values pre-filled above are examples only. Replace every figure with your own provider quote, statement and operating assumptions.
What to check
- Use settled sales and fees from the same statement period
- Check whether refunds or chargebacks reduce the displayed turnover
- Watch for quarterly or annual fees outside this statement